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Nov 2017 - IDC Perspective - Doc # EMEA43202917

we.trade: The First Financial Services DLT Consortium to Go to Production Phase?

Authors: Danielle Hernandez, Thomas Zink

Abstract

This IDC Perspective examines we.trade to understand the success factors that contributed to its evolution toward a commercial status and the challenges that it has found along the way. The IDC Financial Insights team had a discussion with representatives of KBC, Rabobank, and HSBC to better understand the lessons learned from this experience.

"Over the past few years, we have seen a proliferation of collaborative initiatives driven by various financial institutions that work together to test blockchain to a POC stage, but the we.trade Consortium is likely to be the first that moves toward commercial phase. The project, which aims to facilitate European cross border trade for SMEs, is expected to go into production in the first quarter of 2018," said Thomas Zink, associate research director, IDC Financial Insights.

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